Will users of digital assets need traditional custody providers? October 19, 2021 The ability to hold data in a very structured manner means that machines can easily track and trace who owns what, and where the assets are held, in ‘real-time’, writes Jonny Fry.
The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
Foxtons sees revenues rocket amid stamp duty-driven housing boom April 14, 2021 Foxtons has seen impressive revenue growth in the three months to 31 March, at a time when house prices are at an all-time high amid the stamp duty holiday. Group revenue at the estate agent in the first quarter of 2021 stood at £28.5m, up 24 per cent on the same period last year. [...]
Exclusive: Growing group of British landlords that live abroad admit tax evasion September 21, 2021 UK expats who own a buy-to-let property in the UK increasingly approach HMRC to admit they have evaded tax, according to new data shared with City A.M. this morning. 248 overseas investors in UK buy-to-let properties came forward to admit tax evasion in the year up to 31 March, according to data shared by accountancy firm UHY [...]
New breed of private capital firms will face performance headwinds October 18, 2022 Under the private equity fundraising model, every few years fund managers secure capital commitments with a 10-year duration and charge management and advisory fees during the lock-up period. While longer-dated products have emerged over time, the basic pattern has remained essentially unchanged. Unfortunately, fundraising is cyclical. Downturns require patience: fund managers must wait until the [...]
LSL shares jump as estate agent chain expects ‘significant’ rise in full-year profit January 15, 2021 Shares in estate agent chain LSL Property Services jumped this morning after the London-listed firm announced profit for 2020 will be “significantly” ahead of the previous year. LSL’s stock rose more than six per cent to 272p following its announcement that full-year group underlying operating profit is expected to be £41.5m, beating 2019 levels. The [...]
Credit Suisse ‘wooed’ Sanjeev Gupta before Greensill collapse June 11, 2021 Credit Suisse has been embroiled in further controversy over its links to Sanjeev Gupta after details emerged about the Swiss lender’s direct relationship with the tycoon. Former executives at the bank told the Financial Times that leadership wooed Gupta, offering him a string of services as his private wealth manager, as well as VIP treatment. [...]
Getting the housing industry to net zero will cost at least £5bn, industry leaders say May 28, 2021 In the push for a low-carbon future in the housing sector, renovating the UK’s draughty homes would cost the government £5bn over the next four years and create 100,000 jobs, industry leaders have estimated. The revamps would also cut people’s energy bills and lift tax revenue, leaders have written to ministers today, the Guardian reported [...]
Thriving in tough times: Keeping your finances in order September 14, 2021 The past year has shown us all the unpredictability of life. No-one could have foreseen the ongoing impact of Covid-19 on people’s health, employment, and the wider economic landscape. Of course, nobody wants to go through another period like this – but we, of course, may. Here, we look at how you can plan ahead [...]
Weaker economic backdrop presents fresh headaches for Fed July 28, 2021 Today’s Federal Open Market Committee announcements come amid mounting concerns that the rapid rise in Covid cases could dampen the global economic recovery. This backdrop presents a different set of problems for Fed Chair Jerome Powell to when he last spoke in June. Recovery prospects are still good, but have tempered. Investors around the world [...]